Author: News Room

A possible new takeover bid for U.S. Steel emerged on Monday, teeing up more turmoil over the once-dominant company’s future after President Biden’s decision to block its acquisition by a Japanese company.Lourenco Goncalves, the chief executive of an American competitor, Cleveland-Cliffs, said his company had “an All-American solution to save the United States Steel Corporation,” stressing that acquiring U.S. Steel was a matter of “when,” not “if.” But he offered no details of the bidding plans.The renewed expression of interest from Cleveland-Cliffs comes less than two weeks after Mr. Biden blocked a $14 billion takeover of U.S. Steel by Nippon…

Matthew Giachelli got the call he anticipated on Thursday morning: The N.F.L. was moving the Rams’ playoff game to Arizona because of the wildfires raging in Los Angeles, and the league needed 200 gallons of paint pronto.The game on Monday between the Rams and the Minnesota Vikings would now be held at State Farm Stadium outside Phoenix, and it had to look and feel as if it were being played in the Rams’ usual home, SoFi Stadium. That included painting the field with the team’s and league’s logos and colors. The hometown Cardinals, though, did not have some of the…

Reporters and editors at national newspapers are increasing their reliance on encrypted communications to help shield themselves and their sources from potential federal leak investigations and subpoenas.Multiple media organizations are evaluating whether they have enough insurance coverage to absorb a potential wave of libel and other litigation from officials who have already shown an inclination to file such suits.And a nonprofit investigative journalism outlet is preparing for the possibility that the government will investigate issues like whether its use of freelancers complies with labor regulations.With President-elect Donald J. Trump returning to the White House, media outlets large and small are…

Harold G. Hamm, the billionaire oil and gas executive who helped bankroll Donald J. Trump’s campaign and stands to profit from his energy policies, is hosting an exclusive fossil fuel industry celebration on Inauguration Day.The daytime party on the roof of the historic Hay-Adams Hotel, a block from the White House, will be a moment of triumph for Mr. Hamm, who poured more than $4.3 million into political action committees supporting Mr. Trump.Mr. Hamm, the founder of Oklahoma-based Continental Resources, has been influential in Mr. Trump’s plans to gut environmental protections and allow unfettered access by energy companies to federal…

The number of people in the United States who develop dementia each year will double over the next 35 years to about one million annually by 2060, a new study estimates, and the number of new cases per year among Black Americans will triple.The increase will primarily be due to the growing aging population, as many Americans are living longer than previous generations. By 2060, some of the youngest baby boomers will be in their 90s and many millennials will be in their 70s. Older age is the biggest risk factor for dementia. The study found that the vast majority…

Oliviero Toscani, an Italian photographer who used images of an AIDS patient and death row inmates to break the boundaries of fashion imagery as the creative mastermind of Benetton’s advertising campaigns, died on Monday. He was 82.His death was announced by his family on Instagram. They did not say where he died or cite a cause of death, but in August Mr. Toscani told the Italian newspaper Corriere della Sera that he had been diagnosed with amyloidosis, a rare and incurable condition in which there is a buildup of protein.His shock-and-awe campaigns in the 1980s and ’90s helped turn Benetton…

What next for Los Angeles? Angelenos can’t catch a break. Dangerous winds are expected to bear down on Southern California, putting homes and businesses from Ventura to San Diego County on high alert even as wildfires still rage around Los Angeles.The cost of rebuilding once the fires are finally out is sure to be enormous. But officials will face huge pressure on where to prioritize spending to get the economy back on its feet. Gov. Gavin Newsom has signed an executive order to speed up reconstruction of homes and safeguard against price gouging.But hard questions remain about the future of…

In December, Sam Altman, OpenAI’s chief executive, donated $1 million to President-elect Donald J. Trump’s inaugural fund, joining a number of other tech executives who are working to improve their relationships with Mr. Trump.Now, he and his company are laying out their vision for the development of artificial intelligence in the United States, hoping to shape how the next presidential administration handles this increasingly important technology.On Monday, OpenAI released what it calls its economic blueprint for “A.I. in America,” suggesting ways that policymakers can spur development of A.I in the United States, minimize the risks posed by the technology and…

The Biden administration issued sweeping rules on Monday governing how A.I. chips and models can be shared with foreign countries, in an attempt to set up a global framework that will guide how artificial intelligence spreads around the world in the years to come.With the power of A.I. rapidly growing, the Biden administration said the rules were necessary to keep a transformational technology under the control of the United States and its allies, and out of the hands of adversaries that could use it to augment their militaries, carry out cyberattacks and otherwise threaten the United States.The rules put various…

China announced on Monday that its trade surplus reached almost $1 trillion last year as its exports swamped the globe, while the country’s own businesses and households spent cautiously on imports.When adjusted for inflation, China’s trade surplus last year far exceeded any in the world in the past century, even those of export powerhouses like Germany, Japan or the United States. Chinese factories are dominating global manufacturing on a scale not experienced by any country since the United States after World War II.The outpouring of goods from Chinese factories has drawn criticism from an ever-lengthening list of China’s trade partners.…